Asked by
JUVEN LOGAGAY
on Nov 21, 2024
Verified
Under the UCC, what role does Banking International hold?
A) Drawee
B) Drawer
C) Owner
D) Payee
E) Payor
Drawee
A drawee is the party in a transaction, usually a bank, upon whom a check or draft is drawn and is responsible for paying the specified amount.
- Understand the functions and duties of stakeholders in negotiable instruments.
Verified Answer
LM
Learning Objectives
- Understand the functions and duties of stakeholders in negotiable instruments.